Steel Strips Wheels Limited has filed a regulatory disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulations 29(1) and 29(2). The disclosure pertains to the acquisition of equity shares by promoter Sunena Garg.

Key Transaction Details

  • Acquirer: Sunena Garg (Promoter)
  • Persons Acting in Concert (PAC): Detailed list of 30 entities provided in Annexure A, including other family members and promoter group companies
  • Date of Acquisition: 15-09-2026
  • Number of Shares Acquired: 16,600 equity shares of face value ₹1 each
  • Mode of Acquisition: Open Market purchase
  • Percentage Acquisition: 0.01% of total paid-up capital

Shareholding Changes

Pre-acquisition holding (as of latest filing):

  • Sunena Garg direct holding: 5,647,574 shares (3.59%)
  • Other Promoters holding: 90,503,578 shares (57.55%)
  • Total Promoter & Promoter Group holding: 96,151,152 shares (61.14%)

Post-acquisition holding:

  • Sunena Garg direct holding: 5,664,174 shares (3.60%)
  • Other Promoters holding: 90,503,578 shares (57.55%) [unchanged]
  • Total Promoter & Promoter Group holding: 96,167,752 shares (61.15%)

Capital Structure Impact

  • Equity share capital before acquisition: ₹15,72,65,105 divided into 157,265,105 equity shares of face value ₹1 each
  • Equity share capital after acquisition: ₹15,72,65,105 divided into 157,265,105 equity shares of face value ₹1 each [unchanged]
  • Total diluted share/voting capital: ₹15,72,65,105 divided into 157,265,105 equity shares of face value ₹1 each

Significant Promoter Group Holdings (Post-acquisition)

The major holdings within the promoter group include:

  • Dheeraj Garg: 46,402,280 shares (29.51%)
  • SAB Industries Limited: 13,241,870 shares (8.42%)
  • S A B Udyog Limited: 11,425,820 shares (7.27%)
  • R.K. Garg: 3,055,333 shares (1.94%)
  • Chandigarh Developers Private Limited: 6,047,935 shares (3.85%)
  • DHG Marketing Private Limited: 5,010,940 shares (3.19%)
  • Malwa Chemtex Udyog Ltd: 3,850,000 shares (2.45%)

Financial Impact

The acquisition represents a marginal increase in promoter holding without any change to the company's total paid-up capital structure. No financial impact beyond the share purchase transaction is disclosed.